Church & Dwight (CHD) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Church & Dwight (NYSE: CHD) recently:

  • 2/8/2018 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Church & Dwight has surpassed the industry in the past three months, gaining from its focus on buyouts and constant innovations. These factors have long been driving the company, which marked its fifth straight earnings beat in fourth-quarter 2017, wherein both top and bottom lines rose year over year. While results were backed by broad-based growth, the Consumer International unit has been a key catalyst for quite some time now. Further, organic sales retained its solid growth trend, backed by higher volumes. However, the company expects higher SG&A costs and marketing spend in 2018, wherein an intense promotional environment is expected to persist. Also, increased commodity and transport expenses are likely to impact gross margin. Nonetheless, expected gains from recent tax reforms and focus on product launches and productivity programs keep management encouraged about delivering earnings growth of 16-18% in 2018.”
  • 2/7/2018 – Church & Dwight was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating.
  • 2/7/2018 – Church & Dwight had its price target raised by analysts at Morgan Stanley from $46.00 to $48.00. They now have an “underweight” rating on the stock.
  • 2/7/2018 – Church & Dwight was upgraded by analysts at UBS Group AG from a “market perform” rating to an “outperform” rating.
  • 2/7/2018 – Church & Dwight was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $54.00 price target on the stock.
  • 2/6/2018 – Church & Dwight had its price target raised by analysts at Royal Bank of Canada to $51.00. They now have a “sector perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/6/2018 – Church & Dwight had its price target lowered by analysts at Wells Fargo & Co from $52.00 to $50.00. They now have a “market perform” rating on the stock.
  • 2/6/2018 – Church & Dwight had its price target raised by analysts at Stifel Nicolaus from $46.00 to $48.00. They now have a “hold” rating on the stock.
  • 2/6/2018 – Church & Dwight had its price target raised by analysts at BMO Capital Markets from $45.00 to $47.00. They now have a “hold” rating on the stock.
  • 2/5/2018 – Church & Dwight had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. They wrote, “We expect shares to trade up today. That said, valuation remains rich in our view, and, as such, we maintain our Market Perform rating.””
  • 1/22/2018 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Church & Dwight has surpassed the industry in the past three months, courtesy of its constant investments in product innovations and focus on buyouts. These efforts have been paying off, as evident from its solid record, which was also retained in third-quarter 2017. While this marked the company’s 4th straight quarter of positive earnings surprise, sales have outpaced the consensus mark in 12 out of the last 14 quarters. Results were backed by organic sales growth across all segments, which was driven by higher volumes. However, the company has been witnessing high promotional costs, which along with elevated R&D costs also dented margins in the third quarter. Moreover, stiff competition and a tough pricing environment remain concerns for the company. Nonetheless, management expects its strong portfolio and productivity programs to keep driving performance. Notably, it expects earnings growth of 8.5% in 2017.”
  • 1/9/2018 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Church & Dwight has surpassed the industry in the past three months, courtesy of its constant investments in product innovations and focus on buyouts. These efforts have been paying off, as evident from its solid record, which was also retained in third-quarter 2017. While this marked the company’s 4th straight quarter of positive earnings surprise, sales have outpaced the consensus mark in 12 out of the last 14 quarters. Results were backed by organic sales growth across all segments, which was driven by higher volumes. However, the company has been witnessing high promotional costs, which along with elevated R&D costs also dented margins in the third quarter. Moreover, stiff competition and a tough pricing environment remain concerns for the company. Nonetheless, management expects its strong portfolio and productivity programs to keep driving performance. Notably, it expects earnings growth of 8.5% in 2017.”
  • 1/8/2018 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Church & Dwight’s constant investments in product innovations and focus on buyouts has been paying off, as evident from its solid record, which was also retained in third-quarter 2017. Both top and bottom lines grew year over year and topped estimates. Results were backed by organic sales growth across all segments, which was driven by higher volumes. While this marked the company’s 4th straight quarter of positive earnings surprise, sales have outpaced the consensus mark in 12 out of the last 14 quarters. However, the company has lagged the industry in the past six months, somewhat due to high promotional costs. Promotional and R&D costs also dented margins in the third quarter. Moreover, stiff competition and a tough pricing environment remain concerns for the company. Nonetheless, management expects its strong portfolio and productivity programs to keep driving performance. Notably, it expects earnings growth of 8.5% in 2017.”
  • 1/4/2018 – Church & Dwight had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $62.00 price target on the stock.
  • 1/4/2018 – Church & Dwight had its price target raised by analysts at Wells Fargo & Co from $47.00 to $52.00. They now have a “market perform” rating on the stock.
  • 1/3/2018 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Church & Dwight’s constant investments in product innovations and focus on buyouts has been paying off, as evident from its solid record, which was also retained in third-quarter 2017. Both top and bottom lines grew year over year and topped estimates. Results were backed by organic sales growth across all segments, which was driven by higher volumes. While this marked the company’s 4th straight quarter of positive earnings surprise, sales have outpaced the consensus mark in 12 out of the last 14 quarters. However, the company has lagged the industry in the past six months, somewhat due to high promotional costs. Promotional and R&D costs also dented margins in the third quarter. Moreover, stiff competition and a tough pricing environment remain concerns for the company. Nonetheless, management expects its strong portfolio and productivity programs to keep driving performance. Notably, it expects earnings growth of 8.5% in 2017.”

Shares of Church & Dwight Co., Inc. (NYSE CHD) traded up $0.58 on Monday, reaching $49.14. The company’s stock had a trading volume of 340,646 shares, compared to its average volume of 2,406,383. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.07. Church & Dwight Co., Inc. has a one year low of $43.21 and a one year high of $54.18. The firm has a market capitalization of $12,136.37, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.06 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last released its earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business posted $0.44 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. analysts anticipate that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.2175 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.77%. Church & Dwight’s dividend payout ratio (DPR) is presently 26.03%.

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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